A Limited Liability Partnership (LLP) is a form of general partnership where each partner has limited personal liability for the partnership’s debts. Partners are generally protected from the tortious damages of other partners but may be liable for contractual debts depending on the state. LLPs are popular among larger partnerships and professionals, offering flexibility in control and profit distribution. Our attorneys can assist with forming an LLP, ensuring compliance with state regulations, structuring partnership agreements, and providing ongoing legal support to address any issues within the LLP.
New Jersey Releases Clarifying Regulations on Ban-the-Box Law
New Jersey’s “ban-the-box” law, entitled The Opportunity to Compete Act (OTCA), went into effect on March 1, 2015, with the intention of protecting...